Calder Water Company has budgeted direct materials inventory purchases as follows October. $340,000 November $380,000 December $420,000 Calder pays for 10% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 20% two months after the month of purchase What is the budgeted accounts payable balance on December 31? O A. $416,000 OB. $454,000 OC. $378,000 OD. $420,000